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do you think the morsi government a's reaction will be today? is there likely to be more confrontation in the coming hours? >> i think there is. all the signs are that there is likely to be violence, but the answer is what will change -- so much has been seen right here in tahrir square. slogans been chanted, and very little is changing. from your introduction, what has got worse is there is a real split in egyptian society that has been exposed. crudely between islam on one side and liberals on the other. while there are all these protests, there is nobody, either in the authorities or opposition, who has come out with a clear vision on how to bridge that divide. it feels like the divisions have only widened. >> reflect on the situation far beyond tahrir square. if you think of the country as a whole, do you think the muslim brotherhood government still commands clear majority support? >> it might not look like it in areas like cairo or alexandria, but in the rural areas, more conservative, certainly they have the backing of the muslim brotherhood. even in the cities the
, but they do it. they are. lying somehow acts of government and spending can somehow control our government to the climate we want. he said we could do something about floods and hurricanes and droughts, now the power of the ballot box extends to controlling the weather. neil: do you feel this speaks to urgency of doing something about this, what do you think? >> if you accept the united nations and al gore's view, doing, whatever they propose, would have no impact according to their figures. so it is an exercise in futility even if you believe it. the kyoto protocol. the grand-daddy of all climate treaties, which canada has just pulled out of. if that were fully ratified and enforced, it would not have a impact on global warming according to global warming activists figures, the same with u.s., cap and trade bill, obama saying it would have made our planet 4 to 5 degrees cooler. meanwhile epa was forced to say it would not affect the levels, the idea we could do something does nat bear out, only we forward to through technology, we're watching it with fracking, u.s. is down 2007 levels of
at all. i think this was an exercise in showing that the government and the bank of japan, the central bank are on the same page. they certainly delivered that. i think the fact that it's an open-ended asset purchase program, it was more than what the markets had been factoring in. i think the dollar/yen moves are sort of moving independently right now. and i think a lot of that has to do with the comments that we had from government saying, oh, we're not trying to manipulate the currency, which throws into question this competitive devaluation story they were banking on. instead of being explicit about that over the last couple of weeks, now they're going to have to be a little bit more implicit about that. but the man of the hour, mr. shiraka shirakawa, the bank of japan, here is what he had to say. >> translator: japan believes growth is important. we teamed up with the dwoft to strengthen our policies and work on this goal together as one. >> let's take a look at the technicals about this 2% inflation target. because at the same time today, the bank of japan is saying the price of
.c. beltway and was pretty adamant the fiscal cliff was not armageddon and our government is becoming less dysfunctional. you got get the worries in the rear view mirror and people look what is going well. housing recovery is real. auto situation is strong. david: let me hold you on housing for a second, jeff. we had a pullback on prices. we had a tremendous run-up in 2012 in the price of housing. were you worried at all on the prices today? >> not really because if you drill down into the numbers, beneath the surface numbers are really not all that bad. i'm here in real estate central in st. petersburg, clear water, tampa, the housing recovery is real. you're seeing spec homes built and they're trading hands. sandra: get to your individual picks. there are certain stocks you like. you tend to favor the cyclical sectors. i'm seeing names like hewlett-packard, intel, mosaic, general motors to. tell us about your picks. >> those are the last four we put on. we're basically set up with cyclical companies that range from things like general motors, hewlett-packard, intel and technology, techno
nd, the day after the most liberal, all-government, all the time inauguration speech in memory. "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> golfer phil michelson went on a rant about taxes this week and now he wants a mulligan, backtracking from comments suggesting that he quote, may take the drastic step of leaving california. now apologizing for making the personal matter public and to all of the people he upset or insulted. here is part of the ap
national energy policy then the federal government is, and they're just as powerful relative to the state as tal is so france and even more. so only in america would we have a state oil company that lives in opposition to the state in which it resides. rex tillerson recently told scouting magazine his favorite book is atlas shrugged by ayn rand, and it suggests an attitude of skepticism toward the government that is peculiar. now, a company in france or italy or britain would be -- would have all again to the same universities as the president of the united states, they would be buddies and a locking sense of world view and maybe even,s they would work arm in arm with the french government abroad in order to secure they're -- their interests, but this country, we're skeptical of our government, and the irony is we're also skeptical of concentrated power. so exxonmobil is an institution with enormous concentrated power. the chief executive reads a book that is basically about the dangers of concentrated power and celebrates it. so we're a funny country. >> host: one of the things that came
are moving forward. they're diversified. it would be nice to see stated and local governments address the pension plans the way they did. >> absolutely. we'll check in with you later. >>> it's a big week for the defense industry as well, lockheed martin and northrup grumman report this week. jane is here for a preview. >> reporter: across the board for pretty much defense company, analysts are expecting a drop in earnings year over year, but jason gersky says don't expected to see a fiscal cliff impact. >> on the contrary, there's an opportunity for rates to out-perform expectations. that's because the d.o.d. was trying to get as many contracts done in the fourth quarter in anticipation of sequester potentially being implemented in early january. >> he and others expect flat demand from the defense department, but international growth looks good, international sales have higher margins. gursky likes lockheed martin and ratheon for their patriot systems which could be big in any iran/israel conflict. and he expects these companies to have 8% to 12% returns. will that continue? one othe
government workers like teachers, firefighters, public administrators. time now for lou dobbs. >> one hates to lose the public administrators and one wonders how the nation will be administered without them. it is an interesting story. it is counter to conventional views and expectations of most people. we have been watching the battles at the national labor relations board. we know that the president has stacked it with his allies and em baa stairs to the marketplace, and there is this expectation that the powerful organization fl-cio, the service employees union, the teachers unions are just growing and growing, which they had been until last year. we started to see the impact of those local cuts in budgets. this government, this administration, pumped, as you recall in the stimulus package, hundreds of billions of dollars into the hiring of what had been traditionally union jobs, teachers, police, you name it. that's over. what we are seeing now is the market place begins to work. now, as we look at how dramatic these reductions are, basically 6.5% membership in the private sector tells
last night. plus, the world economic forum, the most powerful names in business and government gathering in davos, switzerland. wednesday, january 23, 2013. and "squawk box" begins right now. ♪ >>> welcome to "squawk box" on cnbc, i'm becky quick with ross westgate. andrew is reporting from switzerland. that's why we've got the mountain music. we'll get to andrew in a moment. first, the top stories. the common theme here quarterly results, shares of google getting a boost. earnings and revenue topping consensus and perhaps more important metrics, revenue from google's core internet business. it outpaced many analysts' expectations. advertising rates fell less than in proves periods. as you see, the stock was up -- this morning up almost 5% in the premarket. ibm shares jumping after the bell. earnings and revenue beating the street, as well. the world's largest technology services company offering a better than expected outlook for 2013. that stock, as you see, up by 4% in the premarket. also, we had advanced microdevices. it came in with a smaller than expected loss in the fo
damaged iran's photo nuclear facility and used to enrich uranium. the israeli government is looking at reports it trapped 200 workers inside the facility and massive structural damage. iran denies the report and says it's quote, western propaganda designed to influence upcoming nuclear negotiations. second, morsi declared a state of emergency and set a curfew for three provinces along the suez canal. violence erupted on saturday, sparked by a court conviction and death sentences for 21 people involved in the massive riot in a soccer stadium last year and left 74 dead. the guilty are from port saeed, morsi's government lost control of that city this weekend. we keep an eye on the price of oil when headlines like this break. we've got oil up this it morning, 96.56. here we go on oil. illinois, the worst credit rating of all 50 states. next, its biggest city could be getting a back door bailout from obamacare, and check out the big names that you know, all of them are in the news and we're watching them as the market opens, all of them. apple, toyota and that one on the end, cat. [ wom
the payments on the national debt, the government's going to be a deadbeat on someing. it's bills to ctrtors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things, the harder it gets. >> so put politic as side, what is the solution to this budget and debt cries snis. >> well, you remember bill clinton at theconvention said arithmetic. icomes down to arithmetic. we've got this yawning gap between what the government takes in and what it spends. and realistically you've got to pov both ends this is what president obama calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue a
. there's pressure, of course, and governments are bringing in pressure to bring drug price down. where is the balance between the two? because, you know, we want cheaper drugs that provide for patients, but what does that do for you? >> you want, of course, affo affordable drugs, but on the other hand, we need new, good drugs because there is so much on the medical need. there are still so many diseases that are not supposedly treated. plus, science its made so much progress even in the last decade that there is an opportunity to come out with better drugs. and the simple message is the pharmaceutical industry understands that there has to be a certain control on the costs that cannot bring out of control. but on the other side, if you want to continue to have new drugs, we need to get, you know, rewarded for innovation. and this is a dilemma and not really all that is well understood by government. >> drought, very low yield from around the world. >> if value is good news, it's driving people to look for things that are going to help the world. what's the outlook for that? >> well, yo
to the govern of the bank of italy about this, as well, this morning. he was saying, look, we didn't drop the ball over derivative trade. this is -- he said we shouldn't have any concerns about the stability of this particular bank. >> the situation was known and under careful consideration for a long time. as a matter of fact, we have been pulling the liquidity conditions of the bank and in the eba analysis and the need for further capitalization, we clearly doubt that there was a need of further capitalization and the bank was not able to provide -- and then the issue of the loan. so this is the process that we are considering. >> all right. that's governor of the bank of italy. also, coming up on today's program, mario draghi is speaking here in davos in around about 20 minutes. don't go anywhere. >>> coming up from davos, in the meantime, though, i want to give you a check on market action on this friday as we basically wrap up, get close to wrapping up the month of january. the stoxx europe 600 is looking up about 0.2%. it's mostly advancers. about a three to two ratio against declin
over america. and is often connected to an anti-government movement. >> leaving a lot of angneighbor angered and frustrated. >>> and sarah palin has split from fox news. >> we're finding out what drove that split. >>> and the miami heat star, lebron james, rushing the court to tackle a fan. what did he do to deserve that big bear hug, which seems to be an overwhelming hug. >> i don't think that was planned. >>> plus, the fearless ginger zee. our own ginger gets extreme at the x-games. we'll test her nerves with some of the top athletes on the slopes. never heard the word nerves. >> she is fearless. >>> let's start with the political power couple. unimaginable just a few years ago. barack obama and hillary clinton in their first side-by-side interview. these two locked horns publicly, repeatedly and vehemently back in 2008. what does this new tableau mean for 2016. abc's david kerley is in washington. good morning. >> reporter: if you turned on the tv, you wouldn't believe it. bitter rivals now fawning over each other as their working relationship comes to an end. >> it
-50s toward the bay bridge. ,, ,,,,,,,, this week - an upeat govern brown in sacramento. his state of the state addr- optimistic....with the s et in the black fo >>> this week, we saw an upbeat governor brown in sacramento. the state-of-the-state address is optimistic with the state budget in the black the first time in more than a decade. >> california's back, its budget is balanced and we're on the move. i think i k. we're going to get over the mountain. have no doubt about it. >> and his forecast for california, the good times are around the corner. >> and he said they're more than around the corner but the straightaway and we have turned and asked, informed the mayor and state ash semibly speaker brown and joe garafoli, how much of this is real and is about jerry brown himself? what was their read on? and who was the governor tacking to? >> i think he was talking to the people in washington and in particular tex, the people in iowa. >> wait a minute, are you saying this is a kickoff for the presidential bid? >> i think he was demonstrating clearly in 2013, the measure -- their
have dropped for second straight year compared to their male counterparts. the government had set a goal of awarding at least 5% of the total value of eligible contracts to women-owned businesses in 1994. but it has yet to meet the targets. it has been an uphill battle for lance armstrong. now he's being sued by two california book buyers. they claim the cyclist called his books autobiography is when in fact there were fiction and they would not to block the books. speaking of lawsuits, subway is being sued over its long subway sandwich. more on that in the next hour. linda bell reporting for abc 7 news. -- its footlong sub. >> its 19 degrees. >> still ahead metro has a plan to keep up with growth in the >> welcome back. a live look outside our studio in rosslyn. there's wilson boulevard. a lot of the residential and secondary roads are some 08. -- snowy. i will turn it over to jacqui jeras. >> i did not have much of our problem driving because i drove in the middle of the road and there was pretty much no one else but me. let's look at the doppler radar. you can see it two batche
. of course, the quester and the -- the continuing resolution to fund the government, but you're hearing some of both parties saying they might even accept the sequester. some of the stakes appear to be fading from these disagreements that paralyzed washington at the end of last year. >> when i heard this original deal profrksd i thought it was on the condition that the senate eventually congress had to actually pass a budget finally. >> that's still on the table. >> that is still on the table. a little bit less clear is the fate of the idea that somehow pay would be suspended for members of congress if they don't pass a budget. >> right. >> there are questions about the constitutionality of that provision, but the entire provision is to try to force the senate to force a pass a budget, and the senate intends to do that. >> that's significant because it's written within the law that when you pass the budget the debt ceiling automatically gets raised and then you don't even have to have this discussion at all. even before the debt fight was pushed off in the spring the equity markets were off
and you had a government that was paralyzed. is it possible that just now the rebuild is beginning from fukushima? >> well, the initial rebuild from fukushima was temporary housing, modular, very little wood frame housing. but the immediate need was for emergency shelter. and the problem with the tsunami was that it hit some rural areas. they had major infrastructure to rebuild. some of those places they probably won't be able to rebuild. but we are starting to see some resurgence in japan. you know, our exports are up not just because of the impact of the earthquake and tsunami but we're starting to see some government stimulus in japan now in order to help pull them out of a recession, and then there's also a new tax change that's being put in place in roughly 2014. so there's some additional spending taking place there. but i think that the rebuilding that's taking place today as you comment is very different from what took place after the kobe earthquake. >> i've got to tell you, dan, this is the best i've seen your company. you've got the real estate trust structure. thank you so m
impediments invented by capitol hill and congress and government to investors. you keep changing the rules. we don't know when it's safe to invest. >> the administration and the senate and the house would keep things stable for a while and take a boot -- take that boot off the neck of the entrepreneur, there's bubbling underneath this. a phenomenal explosion of american growth of ingenuity and entrepreneurship. just take the boot off the neck and give us stable policies. >> it's exactly what i talk about in my book "restoring the american dream." >> i can't believe i let him get that at the end of it but there you go. is he a good salesman or what? >> abigail, thank you very much. david goldman, as always. it's about time for president obama to make a decision on the s keystone pipeline but the environmental lobby will not accept anything but total victory. they're even talking civil disobedience. and later on it was hillary clinton's big day on capitol hill answering sometimes very blistering questions about the september 11th benghazi attacks. we'll look closely at what we learned and what i
. if you want the government out of the church, church stay out of government. i am against gun laws just for the record. thank you, everybody. appreciate your input on facebook. union membership at its lowest level since 1916. who are the political and economic winners and losers in all of this? the answer is next. ♪ [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums stuart: we are on full time record high watch for the dow today. look where it is now, 13862 up another 37. starbucks got a lot of company here and in asia. nicole petallides, the coffee giant reported stronger than expected sales and matched wall street expectations. shares on a rise 4%. bad news, let's go to has row. less demand for toys than expected here and around the world, it is down 4%. tokyo scary in cairo, egypt filled with protesters marking the second anniversary of the egyptian revolution that forced hosni mubarak out of power. president m
stimulus and government deficit spending. without those two things and trillions of dollars the overall global economy wouldn't be where it is right now. i would also somely say that -- simply say the effects of deficit spending and central bank monetizaton of that debt is having a reduced effect every time they do more. my opinion as i look at data, the global economy is slowing. earnings growth is slowing. last year was the story of investors being willing to pay more but at the end of the year than the beginning of year for prices as pe multiple expansion occurred. think 2013 will be a much more challenging year not only stocks but --. david: let me force your hand on one issue here. do you think apple could be, everybody is looking at apple as though it is anomaly in otherwise healthy market, could apple actually be a forward indicator what might happen to the overall market? >> yes. apple's a great business. i own their products. they're a great story but i have to ask, does apple deserve to be the largest capitalized company on the planet, bigger than exxonmobil? i don't think so.
. once it's approved by the senate, which will likely happen very soon, it will allow the government to borrow enough cash to meet three months' worth of debt obligations. the proposal also includes a measure that would withhold pay for house or senate members if they fail to pass a budget plan. the senate has not passed a budget since 2008. critics say the proposal is just meant to pressure the senate and only delays a potential debt disaster. >>> we're following a developing story out of san francisco where the bomb squad has been called to an area not too far from at&t park. police say a military ordnance of some kind was found at a construction site near third street. this is a live look from our nbc chopper overhead there checking out the scene. all this happening right across from mccovey cove. you can see traffic snarled up, being rerouted around that area. as of right now, this is still an active situation. we will, of course, keep you posted on this one and let you know what prompted the bomb squad to be called there once we know. >> it took hours of cursing, screaming and d
products. lori: let's talk about regulation. you are on the record saying that the government has been standing over money market funds with the club since the 1970s trying to kill them and these three proposals by the sec are three forms of debt. very subtle? >> yes. by the way it was three items fsoc was coming up with. the sec had an idea coming up with very similar proposals last year and the majority, bipartisan majority of the sec commissioners would not support those ideas. so then they turned around and came out with fsoc and, because they changed the net asset value, put restrictions on redemptions, caused inordinant capital to be considered, that's what i did say, it would be death by hang, death by hanging death by poison and death by bullet. lori: this is reaction to the reserve primary fund in 2008, the systemic risk, right, partly to blame for the entire credit crisis during that time period. so what's the right solution here? >> well the money market fund were not to blame for the credit problems. they were a victim of the problem and the situation that is not usually to
it operates without authority from any central government. in the partial personal affairs court, they argue over who gets custody of a house in a family dispute. this is a former judge. he defected from the syrian government and is now the general prosecutor for this fledgeling rebel judicial system. >> this is an emergency solution and we came po work to maintain law and order. even a temporary system needs jails. there about 100 people detained in what looks like a dungeon. >> the prison guards divided cells in the basement they established for male civilian prisoners and down at the end of this hall for military prisoners, some of whom come from the government army and some from the rebel-free syrian army. a court founded by rebels -- has imprisoned rebels accused of war crimes. a fighter swears to god he is innocent and then collapses on the floor. he said he is accused of leading fighters into a battle of many rebels. like most of the inmates, this rebel does not want to show his face. >> i'm a member of the free syrian army. i tortured a fighter and he died. >> the conditioned are col
a strong defense of government saying that, quote, preserving our individual freedoms ultimately requires collective action. take a listen. >> the american people can no more meet the demands of today's world by acting alone than the american soldiers could have met the forces of fascism and communism with militias. or build the roads and networks and research labs that will bring new jobs and businesses to our shores. now, more than ever we must do these things together as one nation and one people. peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets
us from washington with more. rich. >> government watchdog says the treasury was too soft on executive pay. special inspector general for tarp bailout aig, general motors and allied financial. despite the previous warning and recommendation the treasury lacked bust criteria and policies and procedures to insure treasury guidelines to curb excessive pay were met. treasury made no meaningful reform to the process. the treasury approved pay packages of $5 million for top executives at those companies. 30% made 3 and 4.9 million. more than half made three million. every top executive except for one made at least a million. in response to the report, treasury says, taken together the original seven companies under osm jurisdiction have returned the $352 billion in total assistance provided plus additional positive return to date of more than 6 billion. we anticipate significant additional repayments which would increase the overall positive return. treasury said it cut pay significantly at other companies that received extraordinary taxpayer funding. back to you. david: all rig
might do in the future. also, two hotel tightens in growth mode. we will see how governments can foster even more business and jobs. sandra: what drove the market with the "data download." lawmakers voted to extend the borrowing limit. all three major averages posting gains on the s&p 500 closing up for the sixth straight trading day in a row. technology and telecoms the top performing sectors while materials and energy with the selloff in oil lag. golgold dropping from a one-monh high to end the trading day in the red, the precious metal giving back yesterday's game: $6.50 to settle slightly below $1687 per troy ounce. in the euro, falling to one week low against the u.s. dollar amongst speculation a large investor is selling the greenback. the euro fell to $1.32 in intraday trading. there was speculation he was selling the euro, that expect investor. david: a huge day for apple, which of course is in most peoples portfolipeople's portfor another. in the pits of the cme, and our market panel to talk over apple and all the other news of the day. jerry leavy and david wright, managing di
's what's going on. it's clear that the government wants to make a case criminal and civil against cohen, and fcc capital. here's what they are saying, particularly about the civil case. the civil case resulted in a wells notice saying the staff intends to charge the target. the target here is sac, and if they settle, it's going to be a big fine, and they are telling investors, and the questions come up rapidly and a lot as that redemption date where people can pull money at approaches. i think it's february 15th. saying, listen, we are cooperating. we have responded to their wells notice. they are saying that they are not in settlement negotiations, not yet. they have responded. cheryl: that would be premature, wouldn't it, charlie? >> no, no. cheryl: no? >> not -- maybe, but not quite. what investors say is they get the indication from the sec is that sec is prepared to settle this, essentially to pay a big fine and move on, at least with this portion of the case, and at least that's bantied about in the meetings that there's a settlement, settlement's likely to be a fine. sec toll inv
the size and scope of government, the only way to do all of those things is to put someone in the white house who won't veto any of these things. >> after that, democrats worried republicans were trying to annihilate the democratic party, in part by trying to destroy unions, the most vivid example of that, wisconsin. the republican governor successfully pushed a bill that stripped collective bargaining rights for most public unions. ohio and michigan followed scott walker's lead with mixed success. and now it seems the tables have turned. now if you believe boehner, the democrats want to annihilate the gop. so the talkback question for you, do you agree with boehner? will obama try to annihilate the republican party? facebook.com/carolcnn, or tweet me @carolcnn. i'll be right back. neutrogena® rapid wrinkle repair has the fastest retinol formula. to visibly reduce fine lines and wrinkles in just one week. neutrogena®. >>> good morning. thanks so much for joining us. i'm carol costello. stories we're watching right now in "the newsroom" at 30 past the hour. apple shares expected to dra
of tolls along the way. so, i think the biggest threat to the recovery happens to be our own government. >> yes, but -- and i'm just suggesting that if we build that pipeline and if we allow more fracking, you could have an energy based jobs recovery, i know that those are big if's, but i think we could get it if we get the pipeline and more fracking. go ahead, last word to you on this one. >> right, right, we have that, but also on the other side, remember what's going on internationally. we have a race to the bottom in terms of a currency war. right now, the dollar is going to start to strengthen from my opinion and i think when that happens, a lot of the companies that export are going to be hit, they have really good years last year, and with the weak dollar so we have the energy going up, but potentially the exporters going down and then the wild card here is what is the government going to do with taxes, how does that affect business and consumer spending. so we're on that road, but the road is-- it needs a lot of pavement, stuart. hopefully our government will do the right thing
. are you telling us that the russian government controls the mob almost as an arm of government? really? >> let's just say there's arrangements, there's deals. there's the mobsters, they are different from government. but it's clear that favors are made at times. it's clear that at times the government says we don't want you to do this, and suddenly organized crime doesn't do that. it's very clear that it is a pretty close relationship. stuart: who was the guy that was assassinated? was he the top of all mob bosses? >> he wasn't the boss, but let's say he was one of the top figures. in some ways i think he was really important because he was the last of the old school gangster. and nowadays, the kind of leader who is rising up, they're not the old style, they're sharp suited. charles: i read an article that the whole culture in russia celebrates the mob. they build them up and have tv shows about them. like everyone there is just enthralled with the mob. >> it is a big deal. it's also in some ways russians are almost proud of that, there was a really big blockbuster movie, in which a ru
to maintain his relevancy and have a shelf life on this party, that he needs to join the government. he needs to exercise the kind of power and influence that is required to service and fulfill his agenda. >> he has a lot of different ideas to benjamin netanyahu, doesn't he? >> he does, clearly, but remember, benjamin netanyahu is the master of the israeli economy which has done quite well although they're now facing serious austerity concerns and are going to have to impose some of them on the public. on the peace issue, i think there's actually quite a lot of consensus between lapid and netanyahu, both support, nominally, a two state situation. like netanyahu and his father, tommy lapid, he's against the division of jerusalem. so i wouldn't hold my breath that whatever israeli government that emerges is going to be able to take major decisions on the israel yanl palestinian decisions because it's going to be a broader government. it's on the rule of the orthodox, national service, socioeconomic issues and perhaps on iran. >> a lot of people think that the center in israel, it's really much
are incapable of embracing austerity. the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surprise. >> all of which were the reasons why you were staying away from the market so now you're throwing in the towel on the political agenda. >> it wasn't so much driven into investors' heads that congress was incapable of embracing austerity. now we know. look, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so
, but if we don't fully understand what's happening and how it's adjusting, how can the government do anything about it? >> look, that's a fair point. i'm not saying throwing money at the problem is the answer. >> i don't know, it's one thing. >> that's the larger point though, right? we should have a sense of humility, but we should take action to solve problems and if we don't, if one political says it shouldn't be talked about, it looks like you're coddling flat earth society folks. >> all right. thanks. >> the facts are -- >> quick wrap. >> all right. i was going to let him get another five seconds, but he was quiet when i asked. next, john boehner says he's convinced the president plans to annihilate the gop. and apple's shares tanking after hours. who's to blame? could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suici
connected to adverse possession are sometimes tied to an anti-government movement, known as sovereign citizens, who believe u.s. laws don't apply to them. >> a police officer walks up to someone who is claiming the house belongs to him. he is handed a big sheathe of documents, which are incomprehensible. and i think very often, the officers, ultimately, feel they're forced to go back to headquarters and try to figure out what's going on before they can actually toss someone in the slammer. >> reporter: i met a young sovereign named robert peterson, who moved into this foreclosed home in idaho. >> they're the enemy. they're the enemy of anybody who wants to live free. >> reporter: one expert on sovereigns found evidence that andre barbosa, in that mansion in boca raton, is connected to a sovereign group called divine province. based on the language that barbosa used to justify moving into the mansion, and the fact that his name is on the group's website. before you get ideas about trying to use adverse possession, consider that the sheriff forced robert peterson out of this house. and
say if macro economics and markets are tough to forecast what government is going to do, puts itself in a whole new category. i would say they have a proclivity for doing nothing. and if you look at it that way, and say, okay, that's kind of what their leaning is going to be, i would say there's a good chance we could have the sequester actually ku lly occur. i'm not one of the guys who becomes paralyzed by the idea that the sequester will happen. it's about $100 billion a year on about a $3.5 trillion spend. so at 3% reduction overall, even though, yeah, you could say it's not done thoughtfully and proactively, it's not, it's using a hatchet rather than a scalpel, but right now they show no propensity for being able to do something like this thoughtfully and proactively. so i'm not that hung up about it. and i'd say if it happens, it happens. whether it's trillion dollar in debt reduction which happens, which is a good thing, i just don't think a 3% spend reduction is a killer when it comes to what happens to the economy. in fact, i think it could be offset by a feeling that we're a
a government authority to come in. ackman doesn't own the government. the government is not sitting there thinking, we ought to go in and investigate this. >> how do you know? how do you know what the senators are doing right now? how do you know what attorney generals are doing right now? >> okay. here is what i know. you need a tro. >> very quickly. we are going to take a break and come back. >> speaking of all that, i think one interesting story line that gets the government involved, is sure have you massive institutional investors, ackman, icahn, loeb and briefly einhorn getting involved. whether they are in or out now, we don't know. but they are trying to turn this into a retail trade. ackman made what he considered to be a public service announcement about the perils of being a distributor of this company. perhaps a buyer/user of the product as well as investor. and i think they are using us to get the public message out. >> we haven't even touched on mr. loeb's involvement in this whole thing. i would love to hear what he thought about the exchange on tv a few minutes go. >
: are you referring to government spending cuts or or the central bank continuing with the firewa and prectin. >> i was thinking about two things. the program that the b.c. b.has put in place, which has not been taken up. but if it needed to be taken up, i think it should. the other is the progress on the banking union, which is a really important thing. they have taken the first steps, jut the first steps. there is quite a way to go. >> tom: let's talk a little about the united states, because you do address the u.s., and obviously congress and the president keep putting off decisions on spending cuts for america's government budget. how does that postponement impact your forecast? >> we have asmedhat basically the fiscal confrontation for this year will be about 1.25%. it could be worse. the scenario under which it is worse, is the case in which the administration comes in. if administration comes, the cuts in spending, there will be and additional half a percent. i think we have a forecast of 2%, and a decreased goal of 1.5%. >> tom: slow but steady growth in the united states
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